Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains

The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency.…

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Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

A community roadshow has been uniting crypto enthusiasts in several cities in India to share their ideas on the country’s crypto regulation. “The best ones will be included in the report to be submitted to the decision makers amongst the government,” the organizer of the events explained. Also read: Indian Government Confirms Cryptocurrency Regulation in…

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Putin’s Order: Russia to Adopt Crypto Regulation by July

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin…

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Thailand Greenlights Japanese Exchange to Operate 4 Crypto Businesses

The Thai government has issued four licenses to a new crypto exchange. Prior to this, only existing exchanges that were in business before the country’s crypto regulation took effect were approved. The first licensed new exchange in Thailand is a subsidiary of a regulated Japanese exchange, Bitpoint. Also read: SEC Chair Explains Key Upgrades Needed…

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Indian Trade Association Calls for Fast Crypto Regulation to Drive Growth

The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association.…

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Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in…

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ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

A registration statement for a new exchange-traded fund (ETF) that will invest in bitcoin futures among other traditional investments has been filed with the U.S. Securities and Exchange Commission (SEC). The fund’s portfolio will include bitcoin futures traded on the Cboe Futures Exchange and the Chicago Mercantile Exchange as well as sovereign debts and money…

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US Lawyers: Crypto Regulations Are ‘Tough Waters to Navigate’

In a recent interview, Matt Kohen and Justin Wales, two senior counsels working for Carlton Fields’ virtual currency and distributed ledger technology group, highlighted the challenges that legal practitioners and regulators face in interpreting United States regulations pertaining to cryptocurrency. Also Read: Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death Cryptocurrency Lawyers Emphasize…

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